Diagnostics chain Metropolis in talks with PE firms, Amazon, Flipkart to sell stake

Ecommerce giants Flipkart and Amazon are among the investors in talks to acquire a minority stake in Mumbai-based, publicly listed diagnostics chain Metropolis Healthcare which is looking to raise USD 300 million. The diagnostics chain is also in talks with global PE funds including KKR, TPG, Barings and Blackstone. The deal would include issuance of fresh shares as well as selling of shares by some of the existing stakeholders, including its managing director Ameera Shah.